As some have experienced, liquidations are a nightmare that one has to constantly worry about and manage. None of the currently available lending platforms protect borrowers from liquidations.
Ruler Protocol is a lending platform where users can borrow their preferred cryptocurrency with any other asset. It aims to fill the gap by enabling the following:
What is Ruler Protocol and what makes it unique?
No bonding curve to determine interest rates, instead rates are decided by market demand and supply.
With Ruler, as long as you follow the rules, you will never have to worry about health factors or having your position liquidated.
Obtain ERC-20 loans for the time period you need. Trade your debt sheet anytime.
Ruler Protocol’s smart contracts will be deployed, and verified on the Ethereum blockchain, making lending and borrowing entirely censorship resistant and open.
Ruler Protocol will allow you to lend out any asset. Those looking to borrow an asset are able to, as long as there are people willing to lend it out.
Ruler Protocol allows you to lend and borrow without needing to give up your identity.
Ruler Protocol is a lending platform where users can borrow their preferred cryptocurrency with any other cryptocurrency as collateral.
It aims to fill the gap by enabling the following:
The detailed product paper of Ruler Protocol can be found here.
The following 3 pairs will be launched. We will launch new pairs as frequently as necessary.
Read here to understand to learn more about Ruler Pairs.
A total of 140,000 RULER tokens will be used to reward contributors to Ruler Protocol. Contributors include but not limited to: developers, artists, translators and whoever can improve Ruler Protocol with the work they contribute. This program has started already and will continue until further notice. You can fill out the grant form here to qualify if you plan to or already have contributed.
Ruler Protocol has formed a partnership with Immunefi to help ensure the safety of our protocol. Ruler Protocol is offering **up to $1,000,000 in RULER tokens for critical bugs found, **with its main bug focus being on loss of users funds.
A total of 10,000 RULER tokens is set aside for airdrops. There will be multiple airdrops. The first airdrop, consisting of ~3,200 tokens, is claimable as of launch by those who have participated in Cover Protocol, Yearn Ecosystem, Inverse governance (via snapshot.page), and Ruler testing programs. From launch you will have 20 days to claim your token(s). After 20 days you will no longer be able to claim your airdrop and it will be sent to the treasury.
RULER token is NOT live yet.
RULER, a valueless, governance token, will be released with the Ruler Protocol product.
The RULER supply is capped at **1,000,000 **tokens.
At month 3, ~**17.75% **of the RULER tokens will be circulating.
At month 6, ~29.5% of the RULER tokens will be circulating.
At year 1,~47% of the RULER tokens will be circulating.
At year 2, ~75% of the RULER tokens will be circulating.
At year 3, ~87.5% of the RULER tokens will be circulating.
…
Of the 1,000,000 RULER tokens, the distribution among various parties are as follows:
Each pair can have different feeRate. You can check the feeRate of the pair at the details section (red box in the screenshot).
The fee is deducted when
Quick Links
Social Media
Deployments
Mainnet
Would you like to earn TOKEN right now! ☞ CLICK HERE
RULER has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy RULER
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since RULER is an altcoin we need to transfer our coins to an exchange that RULER can be traded. Below is a list of exchanges that offers to trade RULER in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase RULER from the exchange.
Exchange: Sushiswap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once RULER gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#bitcoin #crypto #ruler protocol #ruler